APG Asset Management N.V. Trims Stock Position in United Dominion Realty Trust, Inc. $UDR

Key Points

• APG Asset Management N.V. has reduced its stake in United Dominion Realty Trust, Inc. by 7.3%, now holding approximately 0.09% of the company worth $12.5 million after selling 23,600 shares.
• Several institutional investors have increased their holdings in United Dominion Realty Trust, with notable boosts from firms like Stifel Financial Corp (up 10%) and Susquehanna International Group LLP (up 125.9%).
• Recent analyst ratings show a consensus hold on the stock, with a target price decrease from various firms, now averaging $45.23 per share, down from previous estimates.

APG Asset Management N.V. cut its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 7.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 299,200 shares of the real estate investment trust's stock after selling 23,600 shares during the quarter. APG Asset Management N.V. owned about 0.09% of United Dominion Realty Trust worth $12,511,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Aew Capital Management L P increased its stake in United Dominion Realty Trust by 8.9% in the first quarter. Aew Capital Management L P now owns 264,928 shares of the real estate investment trust's stock valued at $11,967,000 after purchasing an additional 21,560 shares during the period. Groupe la Francaise acquired a new position in United Dominion Realty Trust in the first quarter valued at $578,000. APG Asset Management US Inc. increased its stake in United Dominion Realty Trust by 6.0% in the first quarter. APG Asset Management US Inc. now owns 1,645,459 shares of the real estate investment trust's stock valued at $74,325,000 after purchasing an additional 92,824 shares during the period. Compound Planning Inc. acquired a new position in United Dominion Realty Trust in the first quarter valued at $202,000. Finally, Norinchukin Bank The increased its stake in United Dominion Realty Trust by 10.1% in the first quarter. Norinchukin Bank The now owns 29,660 shares of the real estate investment trust's stock valued at $1,340,000 after purchasing an additional 2,732 shares during the period. 97.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on UDR. Morgan Stanley dropped their price objective on shares of United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. UBS Group dropped their price target on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Wells Fargo & Company dropped their price target on shares of United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday. Mizuho dropped their price target on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Finally, Barclays dropped their price target on shares of United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, United Dominion Realty Trust currently has a consensus rating of "Hold" and an average target price of $44.83.

United Dominion Realty Trust Price Performance

UDR stock traded up $0.01 during trading on Thursday, reaching $38.99. 1,498,060 shares of the company were exchanged, compared to its average volume of 2,269,283. The company has a market cap of $12.92 billion, a P/E ratio of 102.62, a PEG ratio of 9.76 and a beta of 0.84. United Dominion Realty Trust, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55. The stock's 50 day moving average price is $39.77 and its 200 day moving average price is $41.41. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $423.00 million for the quarter, compared to the consensus estimate of $422.64 million. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The firm's revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. As a group, analysts predict that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio is 452.63%.

United Dominion Realty Trust Profile

UDR, Inc NYSE: UDR, an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.